Curious About Statutory Compliance? Let's Explore How to Learn More Together

Understanding Statutory Compliance

I want to know about statutory compliance and how I can learn about the same.

Thanking you,

Regards,
Zuni

Hi Zuni, what exactly are you doing? Are you taking a course or working? You will learn by filling out these returns, not by reading or listening.

Dear Zuni, What is the subject matter of statutory compliance?

With Regards,
R.N.Khola

Understanding Statutory Compliance

Dear All, I want to know about statutory compliance and how I can learn about the same.

Thanking You,
Zuni

Dear Zuni,
Statutory Compliance means adhering to and maintaining the requirements set by the Government or local bodies. For instance, if the police authorities instruct you in writing to maintain and submit a copy of the workforce details in soft copy, it is considered a Statutory Obligation. Contributions such as PF, ESI, and Welfare fund remittances to the Government are also part of Statutory Compliance. This includes timely payment of wages to workers, adhering to the Minimum Wages set by the Government, payment of bonuses, notice pay upon relieving, retrenchment compensation, gratuity, PF, pension, and leave—all of which are clearly defined by the Government. Hence, all of the above form part of Statutory Compliance.

I am unable to understand in which aspect you want to acquire knowledge about Statutory Compliance.

With warm regards,
S. Bhaskar
[Phone Number Removed For Privacy Reasons]

Dear All, I am working as an HR Generalist in an IT company, and the HR department is currently in the process of development. I am the sole HR personnel in this company, and I am interested in understanding the HR roles related to statutory compliance and payroll handling. Please assist me in gaining insights into these areas as I aim to strengthen the HR department within my current company.

Thank you.
Regards